SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 03 Aug, 2020  

msme-THMB-2010.jpg MSME ministry approves scheme for 'agarbatti' production

industry-msme-middle.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 03 Aug, 2020

Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of 'agarbatti' (incense sticks) and become self-reliant on that front.

The Khadi Agarbatti Aatmanirbhar Mission, proposed by the Khadi and Village Industries Commission (KVIC), eyes employment generation as well as making India self-reliant in agarbatti production.

A pilot project will be launched soon. On full-fledged implementation, thousands of jobs will be created in the sector, according to an official statement.

Under the public-private partnership involving small investment, the scheme would help create sustainable employment and aid the private incense sticks makers scale up production without any capital investment by them, it said.

Under the scheme, the KVIC will provide automatic incense sticks production and powder mixing machines to artisans by the private agarbatti manufacturers who will sign the agreement as business partners. The KVIC will procure only locally made machines.

The KVIC will provide a 25 per cent subsidy and recover in easy instalments the rest cost of machine from artisans every month. The business partner will provide raw material to artisans and will pay them wages on a job work basis.

The cost of artisans' training will be shared by the KVIC and the private business partner on 75:25 per cent basis. A two-party agreement will be signed between the KVIC and the private agarbatti manufacturer.

The scheme had been designed following import restriction on raw agarbatti and increase in import duty on bamboo sticks, it said.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter